ARES vs VOO: Correlation
Measured on weekly returns over the past three years, Ares Management (ARES) and Vanguard S&P 500 ETF (VOO) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and VOO?
On 3 years of weekly data the ARES/VOO correlation comes out at 0.63, strong. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.63 over 3 years. The 5-year figure is 0.71, and annualized covariance runs at 319.7 %².
Among the 32 assets we track against ARES, VOO ranks #14 by 3-year correlation. The last year tells two different stories: VOO led by 38.3 percentage points, -17.7% for ARES against +20.6% for VOO. Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.85. Risk is not evenly split, since ARES carries 2.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARES vs VOO: side by side
| ARES (Ares Management) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -17.7% | +20.6% |
| 5-year return | +118.7% | +83.0% |
| Volatility (ann.) | 35.5% | 14.4% |
| Beta vs S&P 500 | 1.55 | 0.99 |
| Max drawdown (3Y) | -50.0% | -18.7% |
| Market cap | $47.0B | – |
| P/E (trailing) | 65.0 | – |
| Dividend yield | 3.48% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Financials | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | ARES | VOO |
|---|---|---|
| 2022 | -12.8% | -18.2% |
| 2023 | +79.5% | +26.3% |
| 2024 | +52.7% | +25.0% |
| 2025 | -6.2% | +17.8% |
| 2026 | -9.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and VOO good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARES and VOO?
As of 2026-08-27, the correlation of weekly returns between ARES and VOO is 0.63 over 3 years, 0.45 over 1 year and 0.71 over 5 years.
Is VOO a good diversifier for ARES?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ARES correlations · VOO correlations
